{"id":47113,"date":"2026-05-20T11:50:49","date_gmt":"2026-05-20T11:50:49","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/mufg-%eb%af%b8-%ea%b5%ad%ec%b1%84%ea%b8%88%eb%a6%ac-%ec%83%81%ec%8a%b9%ea%b3%bc-fed-%ea%b8%88%eb%a6%ac%ec%9d%b8%ec%83%81-%eb%b2%a0%ed%8c%85%ec%97%90-%eb%94%b0%eb%a5%b8-%eb%8b%ac%eb%9f%ac-%ea%b0%95\/"},"modified":"2026-05-20T11:50:49","modified_gmt":"2026-05-20T11:50:49","slug":"mufg-%eb%af%b8-%ea%b5%ad%ec%b1%84%ea%b8%88%eb%a6%ac-%ec%83%81%ec%8a%b9%ea%b3%bc-fed-%ea%b8%88%eb%a6%ac%ec%9d%b8%ec%83%81-%eb%b2%a0%ed%8c%85%ec%97%90-%eb%94%b0%eb%a5%b8-%eb%8b%ac%eb%9f%ac-%ea%b0%95","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/mufg-%eb%af%b8-%ea%b5%ad%ec%b1%84%ea%b8%88%eb%a6%ac-%ec%83%81%ec%8a%b9%ea%b3%bc-fed-%ea%b8%88%eb%a6%ac%ec%9d%b8%ec%83%81-%eb%b2%a0%ed%8c%85%ec%97%90-%eb%94%b0%eb%a5%b8-%eb%8b%ac%eb%9f%ac-%ea%b0%95\/","title":{"rendered":"MUFG, \ubbf8 \uad6d\ucc44\uae08\ub9ac \uc0c1\uc2b9\uacfc Fed \uae08\ub9ac\uc778\uc0c1 \ubca0\ud305\uc5d0 \ub530\ub978 \ub2ec\ub7ec \uac15\uc138\ub85c \uc5d4\ud654 \ucd94\uac00 \ud558\ub77d \uacbd\uace0"},"content":{"rendered":"

MUFG\ub294 \ubbf8\uad6d \uad6d\ucc44\uae08\ub9ac(\ucc44\uad8c \uc218\uc775\ub960)\uac00 \uc624\ub974\uace0 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(\ubbf8 \uc911\uc559\uc740\ud589, Fed)\uc758 \uae30\uc900\uae08\ub9ac \uc778\uc0c1 \uae30\ub300\uac00 \ucee4\uc9c0\uba74\uc11c, \uc77c\ubcf8 \uc5d4\ud654\uc758 \ud558\ubc29(\uc57d\uc138) \uc704\ud5d8\uc774 \ud655\ub300\ub418\uace0 \uc788\ub2e4\uace0 \ubc1d\ud614\ub2e4. \uc9c0\ub09c\uc8fc \ucd08 \uc774\ud6c4 \ubbf8 10\ub144\ubb3c \uad6d\ucc44\uae08\ub9ac\ub294 30bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8, 0.01%\ud3ec\uc778\ud2b8) \uc0c1\uc2b9\ud588\uc73c\uba70, \uc5f0\ub9d0\uae4c\uc9c0 25bp(0.25%\ud3ec\uc778\ud2b8) \uc778\uc0c1 \uac00\ub2a5\uc131\uc744 \ubc18\uc601\ud55c \uc2dc\uc7a5 \ub0b4\uc7ac \ud655\ub960\uc740 0%\uc5d0\uc11c \uc57d 80%\ub85c \ub6f0\uc5c8\ub2e4.<\/p>\n

\uac19\uc740 \uae30\uac04 \ub2ec\ub7ec\uc778\ub371\uc2a4(DXY\u00b7\uc8fc\uc694 6\uac1c \ud1b5\ud654 \ub300\ube44 \ub2ec\ub7ec \uac00\uce58\ub97c \ub098\ud0c0\ub0b4\ub294 \uc9c0\uc218)\ub294 1.5% \uc0c1\uc2b9\ud574, \ubbf8\u00b7\uc774\ub780 \uac08\ub4f1 \ucd08\uae30 \uc774\ud6c4 \uac00\uc7a5 \ud070 \ud3ed\uc758 \uc6c0\uc9c1\uc784\uc744 \ubcf4\uc600\ub2e4. MUFG\ub294 \uae08\ub9ac\uc758 \ucd94\uac00 \uc0c1\uc2b9 \uc704\ud5d8\uc774 \ub0a8\uc544 \uc788\uc5b4 \ub2ec\ub7ec\/\uc5d4(USD\/JPY)\uc5d0 \ucd94\uac00 \uc0c1\uc2b9 \uc555\ub825(\uc5d4\ud654 \uc57d\uc138)\uc744 \uc904 \uc218 \uc788\ub2e4\uace0 \uc9c0\uc801\ud588\ub2e4.<\/p>\n

Intervention History And Yield Backdrop<\/h3>\n

\uae30\uc0ac\uc5d0\uc11c\ub294 2022\ub144\uacfc 2024\ub144 7\uc6d4 \uc77c\ubcf8\uc758 \ud658\uc728 \uac1c\uc785(\uc815\ubd80\u00b7\uc911\uc559\uc740\ud589\uc774 \uc2dc\uc7a5\uc5d0\uc11c \ud1b5\ud654\ub97c \uc0ac\uace0\ud314\uc544 \ud658\uc728\uc744 \uc6c0\uc9c1\uc774\ub294 \uc870\uce58) \ub2f9\uc2dc\ub97c \ube44\uad50\ud55c\ub2e4. \ub2f9\uc2dc\uc5d0\ub294 \uc774\ud6c4 \uba87 \uc8fc \ub3d9\uc548 \ubbf8\uad6d \uae08\ub9ac\uac00 \ud558\ub77d\ud588\uace0, \ub2ec\ub7ec\/\uc5d4\ub3c4 \uae09\ub77d\ud588\ub2e4. \ubc18\uba74 2024\ub144 4~5\uc6d4\uc5d0\ub294 \uae08\ub9ac\uac00 \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud574 \uac1c\uc785 \ud6a8\uacfc\uac00 \uc81c\ud55c\uc801\uc774\uc5c8\ub2e4\uace0 \ub367\ubd99\uc600\ub2e4.<\/p>\n

\ud604\uc7ac\ub294 \ubbf8\uad6d \uae08\ub9ac\uac00 \uac00\ud30c\ub974\uac8c \uc624\ub974\uace0 \uc788\uc5b4 \ub300\uc678 \uc5ec\uac74\uc774 \ub354 \ubd88\ub9ac\ud558\uba70, \ucd94\uac00 \uac1c\uc785 \uac00\ub2a5\uc131\uc774 \ucee4\uc84c\ub2e4\uace0 \ud3c9\uac00\ud588\ub2e4. \ub610 \uc77c\ubcf8\uc740\ud589(BOJ\u00b7\uc77c\ubcf8 \uc911\uc559\uc740\ud589)\uc774 6\uc6d4 16\uc77c \ud68c\uc758 \uc804\uae4c\uc9c0 \ub354 \ub9e4\ud30c\uc801(\uae34\ucd95 \uc120\ud638, \uae08\ub9ac \uc778\uc0c1\uc5d0 \uc801\uadf9\uc801)\uc778 \ud1a4\uc744 \ub0bc \uc218 \uc788\ub2e4\uace0 \uc5b8\uae09\ud588\ub2e4. \uc774\ub294 \uae30\uc5c5\ub4e4\uc758 \ube44\uc6a9 \uc804\uac00(\uc6d0\uac00 \uc0c1\uc2b9\uc744 \uac00\uaca9\uc5d0 \ubc18\uc601)\uac00 \u201c\ub2e4\uc18c \ube60\ub974\ub2e4\u201d\ub294 \ubc1c\uc5b8 \uc774\ud6c4\uc758 \ud750\ub984\uc774\ub77c\uace0 \uc124\uba85\ud588\ub2e4.<\/p>\n

\uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc774\ubbf8 \uae08\ub9ac \uc778\uc0c1 \ud655\ub960 80%\ub97c \ubc18\uc601\ud558\uace0 \uc788\uc5b4, \uc5d4\ud654 \ucd94\uac00 \uc9c0\uc9c0\ub294 \uc911\ub3d9 \uc815\uc138, \uc5d0\ub108\uc9c0 \uc2dc\uc7a5, \ubbf8\uad6d \uae08\ub9ac \ub4f1 \uc678\ubd80 \ubcc0\uc218\uc5d0 \ub2ec\ub824 \uc788\ub2e4\uace0 \ud588\ub2e4.<\/p>\n

\ub2ec\ub7ec \uac15\uc138\uac00 \uc678\ud658\uc2dc\uc7a5\uc744 \uc8fc\ub3c4\ud558\uba74\uc11c \ub2ec\ub7ec\/\uc5d4\uc740 162.50\uc120\uc73c\ub85c \uc62c\ub77c\uac00\uace0 \uc788\ub2e4. \uc774\ub294 \ubbf8 10\ub144\ubb3c \uad6d\ucc44\uae08\ub9ac\uac00 \uc57d 4.85%\uae4c\uc9c0 \uc624\ub974\uba70 \ub2ec\ub7ec \uc790\uc0b0\uc758 \ub9e4\ub825(\uc218\uc775\ub960)\uc774 \ucee4\uc9c4 \uc601\ud5a5\uc774\ub2e4. \uc2dc\uc7a5\uc774 \uc5f0\ub9d0\uae4c\uc9c0 Fed\uc758 \uae08\ub9ac \uc778\uc0c1 \uac00\ub2a5\uc131\uc744 80%\ub85c \ubcf4\uba74\uc11c, \uc774 \ud750\ub984\uc774 \uc774\uc5b4\uc9c8 \uc218 \uc788\ub2e4\ub294 \uc804\ub9dd\uc774 \ub098\uc628\ub2e4.<\/p>\n

\uacfc\uac70 \uc0ac\ub840\ub97c \ubcf4\uba74 2022\ub144\uacfc 2024\ub144 7\uc6d4\ucc98\ub7fc \uc5d4\ud654 \ubc29\uc5b4\ub97c \uc704\ud55c \uc77c\ubcf8\uc758 \uac1c\uc785\uc740 \ubbf8\uad6d \uae08\ub9ac\uac00 \ud558\ub77d\ud560 \ub54c\ub9cc \ud6a8\uacfc\uac00 \uc788\uc5c8\ub2e4. 2024\ub144 4~5\uc6d4\uc5d0\ub294 \uae08\ub9ac\uac00 \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud574 \uc2e4\ud328\ud588\uace0, \uc9c0\uae08\uc740 \uae08\ub9ac\uac00 \uc2e4\uc81c\ub85c \uc0c1\uc2b9 \uc911\uc774\ub77c \uc0c1\ud669\uc774 \ub354 \uc5b4\ub835\ub2e4. \ub530\ub77c\uc11c \uc0c8 \uac1c\uc785\uc774 \ub098\uc624\ub354\ub77c\ub3c4 \ud6a8\uacfc\ub294 \uc77c\uc2dc\uc801\uc77c \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4\ub294 \ud3c9\uac00\ub2e4.<\/p>\n

Trading Implications And Key Drivers<\/h3>\n

\uc2dc\uc7a5\uc758 \uc2dc\uc120\uc740 6\uc6d4 16\uc77c \uc77c\ubcf8\uc740\ud589 \ud68c\uc758\ub85c \uc62e\uaca8\uac00\uace0 \uc788\uc73c\uba70, \ub354 \ub9e4\ud30c\uc801 \uba54\uc2dc\uc9c0\uac00 \uc608\uc0c1\ub41c\ub2e4. \ub2e4\ub9cc \uc2dc\uc7a5\uc774 \uc774\ubbf8 80% \uc218\uc900\uc758 \uae08\ub9ac \uc778\uc0c1 \uac00\ub2a5\uc131\uc744 \ubc18\uc601\ud55c \ub370\ub2e4, \uc18c\ud3ed \uc778\uc0c1\ub9cc\uc73c\ub85c\ub294 \ubbf8\uad6d\uacfc\uc758 \uae08\ub9ac \uaca9\ucc28\ub97c \uac70\uc758 \uc904\uc774\uc9c0 \ubabb\ud55c\ub2e4. \uc5d4\ud654\uac00 \uc758\ubbf8 \uc788\uac8c \uac15\uc138\ub85c \ub3cc\uc544\uc11c\ub824\uba74 \uc5ec\ub7ec \ucc28\ub840\uc758 \ucd94\uac00 \uc778\uc0c1 \uc2e0\ud638\uac00 \ud544\uc694\ud558\uc9c0\ub9cc, \ub2f9\uc7a5\uc740 \uac00\ub2a5\uc131\uc774 \ub0ae\ub2e4\ub294 \uc9c4\ub2e8\uc774\ub2e4.<\/p>\n

\ud30c\uc0dd\uc0c1\ud488(\uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc5d0 \ub530\ub77c \uac00\uce58\uac00 \ubcc0\ud558\ub294 \uae08\uc735\uc0c1\ud488) \ud22c\uc790\uc790 \uad00\uc810\uc5d0\uc11c\ub294 \uc5d4\ud654 \uc57d\uc138\uc5d0 \ub300\ube44\ud558\ub294 \ud3ec\uc9c0\uc158\uc774 \uc720\ub9ac\ud560 \uc218 \uc788\ub2e4. \ud604\ubb3c\ud658(spot, \uc989\uc2dc \uacb0\uc81c\ub418\ub294 \ud658 \uac70\ub798)\uc740 \uac1c\uc785 \uc704\ud5d8\uc73c\ub85c \ubcc0\ub3d9\uc131\uc774 \ucee4\uc9c8 \uc218 \uc788\uc73c\ubbc0\ub85c, \ub2ec\ub7ec\/\uc5d4 \ucf5c\uc635\uc158(\ubbf8\ub9ac \uc815\ud55c \uac00\uaca9\uc73c\ub85c \ub2ec\ub7ec\/\uc5d4\uc744 \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac) \ub9e4\uc218\ub85c 165\uc120 \uc0c1\uc2b9 \uac00\ub2a5\uc131\uc5d0 \ub300\uc751\ud558\ub294 \uc804\ub7b5\uc774 \uac70\ub860\ub41c\ub2e4. \uc774 \ubc29\uc2dd\uc740 \uc0c1\uc2b9 \uc774\uc775\uc744 \ub178\ub9ac\uba74\uc11c \uc190\uc2e4 \ud55c\ub3c4\ub97c \uc635\uc158 \ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \uac00\uaca9)\uc73c\ub85c \uc81c\ud55c\ud560 \uc218 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

\ubbf8 \uad6d\ucc44\uae08\ub9ac \uae09\ub4f1\uc5d0 \uc5f0\uc900 \uc778\uc0c1\ud655\ub960 80%\u2026\ub2ec\ub7ec\uac15\uc138\ub85c \uc5d4\ud654 \uc57d\uc138 \ub9ac\uc2a4\ud06c \ud655\ub300. \ub2ec\ub7ec\/\uc5d4 162.50 \uc0c1\ud5a5 \uc555\ub825, \u65e5\uac1c\uc785\uc740 \uae08\ub9ac \ud558\ub77d \ub54c\ub9cc \ud6a8\uacfc\uc801. 165 \ucf5c\uc635\uc158 \ub300\uc751 \ubd80\uc0c1.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-47113","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/47113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=47113"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/47113\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=47113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=47113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=47113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}